21/03/2022
Reward and recognition, what’s the difference?
Rewards are the physical, hard benefits (technology items, experiences, etc) that are given to your employees. Usually, they are more memorable to the recipient as they’re tangible items and have an economical value. In the case of experiences they can even foster lifelong memories. Recognition on the other hand is one of the soft benefits that add emotional value and attachment to the company, such as announcing accomplishments and praising behaviours or actions.
As rewards are usually associated with achieving objectives and targets, they are more anticipated than recognition, but neither should be in isolation, they work alongside to complement each other when highlighting appreciation to employees.
